Critical Metals Corp. (NASDAQ:CRML) Short Interest Down 17.9% in March

Critical Metals Corp. (NASDAQ:CRML) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 717,200 shares, a decrease of 17.9% from the February 28th total of 873,300 shares. Based on an average daily trading volume, of 473,500 shares, the short-interest ratio is currently 1.5 days. Approximately 4.3% of the company’s shares are sold short.

Institutional Investors Weigh In On Critical Metals

Several hedge funds have recently made changes to their positions in the company. Northern Trust Corp boosted its holdings in shares of Critical Metals by 13.2% during the 4th quarter. Northern Trust Corp now owns 48,641 shares of the company’s stock valued at $330,000 after buying an additional 5,670 shares in the last quarter. Barclays PLC lifted its position in Critical Metals by 22.9% during the 4th quarter. Barclays PLC now owns 12,876 shares of the company’s stock valued at $88,000 after acquiring an additional 2,403 shares during the period. Geode Capital Management LLC boosted its stake in Critical Metals by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 107,034 shares of the company’s stock worth $727,000 after acquiring an additional 2,696 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Critical Metals by 147.4% in the fourth quarter. JPMorgan Chase & Co. now owns 29,797 shares of the company’s stock worth $202,000 after purchasing an additional 17,753 shares during the period. 86.44% of the stock is currently owned by institutional investors.

Critical Metals Stock Down 0.7 %

Critical Metals stock opened at $1.39 on Tuesday. Critical Metals has a fifty-two week low of $1.31 and a fifty-two week high of $14.00. The stock’s 50 day simple moving average is $3.91 and its two-hundred day simple moving average is $5.83.

About Critical Metals

Critical Metals Corp. engages in the mining, exploration, and development of lithium metals. It owns Wolfsberg Project and Tanbreez Project. The company was founded on October 24, 2022 and is headquartered in British Virgin Islands.